Marcus & Millichap recently facilitated the sale of a 30,000-square-foot industrial property in Wheeling, Illinois for $1.9 million. The investment specialists at Marcus & Millichap’s Chicago downtown office, Dylan Hyde and Peter Doughty, had the exclusive listing to market the property on behalf of a private investor.
The asset is situated at 200 E. Marquardt Drive in close proximity to Chicago Executive Airport and was originally listed for $1.85 million before being sold just 40 days later. According to reports from the Chicago Business Journal , it is currently fully occupied by two tenants occupying 10,000 square feet and 20,000 square feet respectively.
Doughty stated that Wheeling boasts strong market fundamentals due to its strategic location and can expect continued activity in both sales and leasing through2024.” In addition,the development of Home Base campus by Sky Harbour Group at Chicago Executive Airport has been announced for2023.
This transaction highlights yet another successful deal completed by Marcus & Millichap without mentioning any specific locations or organizations involved.
